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4//SEC Filing

Pokorny Brian James 4

Accession 0001121788-12-000051

CIK 0001121788other
View on SEC.govCompany Profile

Filed

Dec 18, 7:00 PM ET

Accepted

Dec 19, 3:31 PM ET

Size

30.6 KB

Accession

0001121788-12-000051

Insider Transaction Report

Form 4
Period: 2012-12-17
GARMIN LTDGRMN
Pokorny Brian James
Vice President - Operations
Transactions
  • Exercise/Conversion

    Registered Shares

    2012-12-17$19.94/sh+20,000$398,800→ 51,620 total
  • Sale

    Registered Shares

    2012-12-17$40.85/sh−2,518$102,860→ 9,846 total
  • Disposition to Issuer

    Registered Shares

    2012-12-18$41.87/sh−5,157$215,924→ 14,689 total
  • Sale

    Registered Shares

    2012-12-17$41.00/sh−35,000$1,435,000→ 16,620 total
  • Sale

    Registered Shares

    2012-12-17$40.95/sh−4,256$174,266→ 12,364 total
  • Exercise/Conversion

    Registered Shares

    2012-12-17$27.27/sh+15,000$409,050→ 31,620 total
  • Disposition to Issuer

    Registered Shares

    2012-12-18$41.87/sh−8,788$367,954→ 16,099 total
  • Exercise/Conversion

    Registered Shares

    2012-12-18$21.59/sh+10,000$215,900→ 19,846 total
  • Tax Payment

    Registered Shares

    2012-12-18$41.87/sh−1,802$75,450→ 12,887 total
  • Exercise/Conversion

    Employee stock option (right to buy)

    2012-12-17−15,000→ 0 total
    Exercise: $27.27Exp: 2013-12-23→ Registered Shares (15,000 underlying)
  • Exercise/Conversion

    Registered Shares

    2012-12-18$30.66/sh+12,000$367,920→ 24,887 total
  • Tax Payment

    Registered Shares

    2012-12-18$41.87/sh−1,331$55,729→ 14,768 total
  • Exercise/Conversion

    Employee stock option (right to buy)

    2012-12-17−20,000→ 0 total
    Exercise: $19.94Exp: 2014-09-23→ Registered Shares (20,000 underlying)
  • Exercise/Conversion

    Stock appreciation right

    2012-12-18−10,000→ 0 total
    Exercise: $21.59Exp: 2015-06-23→ Registered Shares (10,000 underlying)
  • Exercise/Conversion

    Stock appreciation right

    2012-12-18−12,000→ 0 total
    Exercise: $30.66Exp: 2015-12-16→ Registered Shares (12,000 underlying)
Footnotes (7)
  • [F1]Includes: (a) 2,001 unvested shares that were acquired pursuant to an award of 3,335 restricted stock units on December 10, 2010 (the award vests in five equal annual installments), (b) 1,332 unvested shares that were acquired pursuant to an award of 3,330 restricted stock units on December 11, 2009 (the award vests in five equal annual installments), (c) 1,800 unvested shares that were acquired pursuant to an award of 9,000 restricted stock units on December 12, 2008 (the award vests in five equal annual installments), (d) 2,148 unvested shares that were acquired pursuant to an award of restricted stock units on December 14, 2011 (the award vests in five equal annual installments), and (e) 2,565 unvested shares that were acquired pursuant to an award of restricted stock units on December 10, 2012 (the award vests in three equal annual installments).
  • [F2]This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $40.94 to $40.951 per share. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Registered Shares sold at each separate price within the range set forth in this Footnote.
  • [F3]This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $40.8501 to $40.851 per share. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Registered Shares sold at each separate price within the range set forth in this Footnote.
  • [F4]The stock option vested in five equal annual installments beginning on December 23, 2004
  • [F5]The stock option vested in five equal annual installments beginning on September 23, 2005.
  • [F6]The stock appreciation right vested in five equal annual installments beginning on June 23, 2006.
  • [F7]The stock appreciation right vested in five equal annual installments beginning on December 16, 2006.

Documents

1 file

Issuer

GARMIN LTD

CIK 0001121788

→
Entity typeother

Related Parties

1
  • filerCIK 0001346185

Filing Metadata

Form type
4
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 3:31 PM ET
Size
30.6 KB
View on SEC.gov